Exhibit 12.1
ratio of earnings to fixed charges footnote | ||||||||||||||||||||||||||||
(amounts in thousands) | ||||||||||||||||||||||||||||
29-Jun-05 | 13-Apr-06 | 8 months ended | ||||||||||||||||||||||||||
to April 12, 2006 | to June 3, 2006 | Fiscal Year Ended | January 30, 2010 | Fiscal Year Ended | ||||||||||||||||||||||||
2007 | 2008 | 2009 | 2010 | |||||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||||||
Income (Loss) before Provision for Income Taxes | $ | 150,944 | $ | (36,982 | ) | $ | (72,624 | ) | $ | (73,794 | ) | $ | (338,572 | ) | $ | 30,223 | $ | 53,128 | ||||||||||
Plus: Fixed Charges | $ | 42,045 | $ | 29,223 | $ | 189,226 | $ | 183,063 | $ | 159,242 | $ | 106,766 | $ | 130,026 | ||||||||||||||
$ | 192,989 | $ | (7,759 | ) | $ | 116,602 | $ | 109,269 | $ | (179,330 | ) | $ | 136,989 | $ | 183,154 | |||||||||||||
Fixed Charges: | ||||||||||||||||||||||||||||
Gross Interest Expense | $ | 4,609 | $ | 18,093 | $ | 134,313 | $ | 122,684 | $ | 92,557 | $ | 59,547 | $ | 99,309 | ||||||||||||||
Amortization of Deferred Debt Charges | $ | 495 | $ | 5,283 | $ | 10,250 | $ | 10,310 | $ | 10,335 | $ | 8,238 | $ | 12,346 | ||||||||||||||
Estimate of Interest Expense Within Operating Leases | $ | 36,941 | $ | 5,847 | $ | 44,663 | $ | 50,069 | $ | 56,350 | $ | 38,981 | $ | 18,371 | ||||||||||||||
$ | 42,045 | $ | 29,223 | $ | 189,226 | $ | 183,063 | $ | 159,242 | $ | 106,766 | $ | 130,026 | |||||||||||||||
Ratio of Earnings to Fixed Charges | 4.6x | * | * | * | * | 1.3x | 1.4x | |||||||||||||||||||||
* Due to losses for the period April 13, 2006 to June 3, 2006 and the fiscal years ended June 2, 2007, May 31, 2008 and May 30, 2009, the coverage ratio was less than 1:1. BCFWC must generate additional pretax earnings of $ 37.0 million, $ 72.6 million, $73.8 million and $338.6 million respectively to achieve a ratio of 1:1 for the periods. |